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coldstorage
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December 11, 2017, 11:20:31 PM |
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Come on, that’s not fair. ASICs are part of the efficiency drive of this technology. I agree with much of what he said, let’s aim to keep DigiByte as inclusive as possible. If GPUs can’t cut it against ASICs, they aren’t going to stop making them because it’s naughty. I’m sure DigiByte can still find ways in which individuals can be included and keep our network distributed, and the stronger this solution is the stronger our entire network will be!
I appreciate the effort to increase civility. FWIW I wasn't much bothered, though I do know some newcomers will get easily spooked by toxicity. Coins need users and striking out at anyone new can only hurt the cause. Sorry the toxicity got redirected at you for your effort. No good deed goes unpunished, eh? @OWZ1337 DGB has an interesting 5 algorithm approach, but are working to change at least some of them (so beware of investing hardware until they've chosen). Read about the current ones here: https://www.digibyte.co/digibyte-mining-introductionWith DigiByte you have the ability to choose to mine on five separate algorithms. These algorithms include; sha256, skein, qubit, groestl and scrypt. Each algorithm is better suited to different types of mining hardware. Sha256 & scrypt are now almost exclusively mined by advanced "ASIC" miners. Skein and groestl are good for GPU's and qubit is a combination of multiple types of hardware.
Specialized mining hardware can be quite costly and often times it is simply better just to purchase DigiBytes if you do not already own right computing hardware such as a gaming graphics card.
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OWZ1337
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BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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December 11, 2017, 11:28:59 PM |
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DGB will skyrocket ~ epic yahoo deal!!! >>>>yahooooooooo :-D LOL!!! https://poloniex.com/exchange#btc_dgb
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I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! weee™
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Jumbley
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December 11, 2017, 11:50:29 PM |
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Come on, that’s not fair. ASICs are part of the efficiency drive of this technology. I agree with much of what he said, let’s aim to keep DigiByte as inclusive as possible. If GPUs can’t cut it against ASICs, they aren’t going to stop making them because it’s naughty. I’m sure DigiByte can still find ways in which individuals can be included and keep our network distributed, and the stronger this solution is the stronger our entire network will be!
I appreciate the effort to increase civility. FWIW I wasn't much bothered, though I do know some newcomers will get easily spooked by toxicity. Coins need users and striking out at anyone new can only hurt the cause. Sorry the toxicity got redirected at you for your effort. No good deed goes unpunished, eh? Think nothing of it....I say what I think, mostly.....I accept there is a security/distribution equation that needs to be balanced in DigiByte and see it is a good position to deal with that issue. I know what I'm doing with my money and support for DigiByte, looks like you do too!
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Jumbley
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December 12, 2017, 12:03:32 AM |
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It wasn't pump material.....it was a new place to look.
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OWZ1337
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Activity: 140
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BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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December 12, 2017, 01:18:53 AM |
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Come on, that’s not fair. ASICs are part of the efficiency drive of this technology. I agree with much of what he said, let’s aim to keep DigiByte as inclusive as possible. If GPUs can’t cut it against ASICs, they aren’t going to stop making them because it’s naughty. I’m sure DigiByte can still find ways in which individuals can be included and keep our network distributed, and the stronger this solution is the stronger our entire network will be!
I appreciate the effort to increase civility. FWIW I wasn't much bothered, though I do know some newcomers will get easily spooked by toxicity. Coins need users and striking out at anyone new can only hurt the cause. Sorry the toxicity got redirected at you for your effort. No good deed goes unpunished, eh? Think nothing of it....I say what I think, mostly.....I accept there is a security/distribution equation that needs to be balanced in DigiByte and see it is a good position to deal with that issue. I know what I'm doing with my money and support for DigiByte, looks like you do too! f.y.i.===> DGB is the real litecoin ~expect hashrates to elevate up to epic proportions soon<<< https://poloniex.com/exchange#btc_dgb
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I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! weee™
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Jumbley
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December 12, 2017, 03:19:52 AM |
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I've been thinking a modified Proof-of-Stake (mPOS) algorithm could be a good alternative mining algorithm for DGB.
An algorithm where mining-node has to provide the network with proof of 100,000 DGB ($1,500) as a type of collateral. Then the mPOS algorithm could have a pseudo-random selection process that is derived from the hash of a previous block to select the mining-node that gets to create the next block. Having a mPOS algorithm would create incentive for miners to invest in DGB instead of spending money on expensive ASIC hardware and electricity. It would also have the tendency to pull upward on the value of DGB by encouraging savers, effectively reducing the DGB supply which offsets the effects of the high short-term inflation.
Any one else have thoughts on this idea?
Not exactly that idea but this one. A Digi ID mining wallet perhaps could be possible. We may be a way off being able to ensure that the owner really is a real person in control of their personal wallet but that certainly seems to be part of what we are working towards. It is never going to be easy because nation states can create false IDs and this could be something possibly worth doing a bit of that for, it may even just become necessary for them to do or attempt this. Other bad actors will have perhaps limited capability of doing it too but these are real and important world issues that this technology will actually be attempting to tackle seriously for the first time…… digital trails will eventually be analysed to show what is really happening and hopefully we will be able learn from this and adapt too! Maybe the coins mined to this ‘now imaginary’ ID wallet, wouldn’t actually be able to be spent until analysis of the ID trail put beyond reasonable doubt that it really belonged to a real person entitled to the funds in it at a future date. I don’t know how we might exactly achieve all of this yet, I don’t think this is a little challenge! But this could theoretically be a basis for a universal payment, designed to compensate for world automation perhaps? In my minds eye anyway.
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shakeelayubpk
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December 12, 2017, 01:52:55 PM |
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I don't like DGB. Market supply is very high.
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Two4D2
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December 12, 2017, 02:02:47 PM |
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I don't like DGB. Market supply is very high.
So you dont like $ cuz there are trillions out there? Wanna give them to me?
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Wawaji
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December 12, 2017, 05:13:30 PM |
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DGB will rise at least 100x from the current price, something between 9k and 10k satoshis.
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jblett88
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December 12, 2017, 06:48:05 PM |
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while 100x would be amazing, what would cause it to sky rocket that high? DGB market cap remains the same and there has been no recent news or anything upcoming.
Also, on the foundation is lists under exchanges: Coinbase
If DGB were to ever we listed, it would need to at the minimum be a top 20 coin in regards to market cap.
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Wawaji
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December 12, 2017, 07:35:58 PM |
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while 100x would be amazing, what would cause it to sky rocket that high? DGB market cap remains the same and there has been no recent news or anything upcoming.
Also, on the foundation is lists under exchanges: Coinbase
If DGB were to ever we listed, it would need to at the minimum be a top 20 coin in regards to market cap.
DGB has been forgotten until now because of ICO scams, BTC valuation and BTC forks. If marketcap was a good measure, ICO scams wouldn't be in the top 100 in coinmarketcap.
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coldstorage
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December 12, 2017, 08:36:28 PM |
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while 100x would be amazing, what would cause it to sky rocket that high? DGB market cap remains the same and there has been no recent news or anything upcoming.
Also, on the foundation is lists under exchanges: Coinbase
If DGB were to ever we listed, it would need to at the minimum be a top 20 coin in regards to market cap.
Not all rises come with news. A lot of times you have growth first at the top (BTC, LTC, ETH, ZEC etc) and then as those rallies die down, people move some of their gains into promising alts. DGB has 1) age with ongoing active development 2) focus on fast, cheap transactions (particularly good news with a company like steam dropping BTC support for fee costs and delays) 3) a good approach to 51% attacks that makes its network stronger than it would seem. Basically, I'm saying DGB has already earned the growth it's about to get, but the market is too busy with btc and ltc right now, but if that ever dies down, they will go looking for promising alts, and DGB is very promising on fundamentals. I think that could drive 50x USD alone. DGB is also technologically positioned well to take advantage of the lightning network to process BTC transactions on the DGB chain. Sadly, I haven't heard that they're gearing up to make 2018 about capturing that market share, but if they ever do, then 2018 prices could easily get insane. 1,000x, easy. If anyone has the ability to talk to Jared or other DGB devs, ask them about DGB operating as a second layer payment solution on the BTC network. It's a huge opportunity and no one has a better network to do it than DGB, but they have to show up and work the opportunity. And right now, it's not clear to me that they see it yet.
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rvk53
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December 12, 2017, 10:17:27 PM |
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Do you know that the cheapest and fastest transactions of all cryptocoins is DGB ? I used to transfer coins through DOGE, but now only through DGB.
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tribanogrami
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Revolutionizing Brokerage of Personal Data
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December 13, 2017, 09:10:34 AM |
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Hello. I would like to ask you. Is DGB realistic in the coming year going back to the price of 2000 sat?
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Smoothmold
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December 13, 2017, 09:43:34 AM |
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while 100x would be amazing, what would cause it to sky rocket that high? DGB market cap remains the same and there has been no recent news or anything upcoming.
Also, on the foundation is lists under exchanges: Coinbase
If DGB were to ever we listed, it would need to at the minimum be a top 20 coin in regards to market cap.
Not all rises come with news. A lot of times you have growth first at the top (BTC, LTC, ETH, ZEC etc) and then as those rallies die down, people move some of their gains into promising alts. DGB has 1) age with ongoing active development 2) focus on fast, cheap transactions (particularly good news with a company like steam dropping BTC support for fee costs and delays) 3) a good approach to 51% attacks that makes its network stronger than it would seem. Basically, I'm saying DGB has already earned the growth it's about to get, but the market is too busy with btc and ltc right now, but if that ever dies down, they will go looking for promising alts, and DGB is very promising on fundamentals. I think that could drive 50x USD alone. DGB is also technologically positioned well to take advantage of the lightning network to process BTC transactions on the DGB chain. Sadly, I haven't heard that they're gearing up to make 2018 about capturing that market share, but if they ever do, then 2018 prices could easily get insane. 1,000x, easy. If anyone has the ability to talk to Jared or other DGB devs, ask them about DGB operating as a second layer payment solution on the BTC network. It's a huge opportunity and no one has a better network to do it than DGB, but they have to show up and work the opportunity. And right now, it's not clear to me that they see it yet. +1
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Smoothmold
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December 13, 2017, 09:48:59 AM |
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Hello. I would like to ask you. Is DGB realistic in the coming year going back to the price of 2000 sat?
Its not written in stone. But the setup we see right now technically is very bullish. Fundamentally DGB is very good and underrated right now. If DGB keeps delivering we could see 2000 sat or even break the ATH in BTC next year. But DGB has some work to do for sure.
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ciccio55
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December 13, 2017, 06:14:51 PM |
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i know that this is not the right place to submit this issue but maybe somebody could help me. I sent bitcoins fron coinbase to the legacy chain of my ledger nano s. Still any sign of the transaction,
My question is. Can you send btc to the legacy chain?
thanks
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SpudroForEveryone
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December 13, 2017, 08:47:55 PM |
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Digibyte is such a piece of shit. I bought at 80 to sell at 100 but it didn't touch it... I advice everyone to sell at loss and invest in something that actually makes you profit. Almost every altcoin is going up now and hitting new ATH's but Digibyte is only going to hell. It will never hit 1000 sat or one dollar or whatever the shills are constantly yelling at Twitter. Sure the tech is good but Digibyte is just a small fish in the ocean that nobody cares. Majority of people don't give a crap about tech they only buy what's sexy and hyped at the given moment and make profit. There is already Litecoin that's almost as good as Digibyte and it's gaining ground over Bitcoin already. Also, Digibyte has very bad reputation as the largest p&d coin in the crypto history and it's not going to help it.
One dollar? never gonna happen 2600 sat? never gonna happen 1000 sat? never gonna happen 500 sat? never gonna happen 300 sat? never gonna happen 200 sat? maybe but i doubt.
Long story short, sell DGB and invest in something that makes you profit. Almost any other coin will.
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Jumbley
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December 13, 2017, 09:11:56 PM Last edit: December 14, 2017, 02:53:43 AM by Jumbley |
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Digibyte is such a piece of shit. I bought at 80 to sell at 100 but it didn't touch it... I advice everyone to sell at loss and invest in something that actually makes you profit. Almost every altcoin is going up now and hitting new ATH's but Digibyte is only going to hell. It will never hit 1000 sat or one dollar or whatever the shills are constantly yelling at Twitter. Sure the tech is good but Digibyte is just a small fish in the ocean that nobody cares. Majority of people don't give a crap about tech they only buy what's sexy and hyped at the given moment and make profit. There is already Litecoin that's almost as good as Digibyte and it's gaining ground over Bitcoin already. Also, Digibyte has very bad reputation as the largest p&d coin in the crypto history and it's not going to help it.
One dollar? never gonna happen 2600 sat? never gonna happen 1000 sat? never gonna happen 500 sat? never gonna happen 300 sat? never gonna happen 200 sat? maybe but i doubt.
Long story short, sell DGB and invest in something that makes you profit. Almost any other coin will.
I can’t work out…..If I’d never heard about DigiByte, I might be considering buying some after reading your review. It’s honest and true in the places where it needs to be and speculative and your opinion where it doesn’t….well done!
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